Howard cooper, the president of glacier computer services, needs your . he wonders about the potential effects on the firm’s net income if he changes the service rate that the firm charges its customers. the following basic data pertain to fiscal year 2019: standard rate and variable costs service rate per hour $ 60.00 labor cost 32.00 overhead cost 5.76 selling, general, and administrative cost 3.44 expected fixed costs facility maintenance $ 320,000 selling, general, and administrative 120,000 required prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 30,000 hours of services in 2019. a marketing consultant suggests to mr. cooper that the service rate may affect the number of service hours that the firm can achieve. according to the consultant’s analysis, if glacier charges customers $56 per hour, the firm can achieve 38,000 hours of services. prepare a flexible budget using the consultant’s assumption. the same consultant also suggests that if the firm raises its rate to $64 per hour, the number of service hours will decline to 25,000. prepare a flexible budget using the new assumption.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.